Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of GANDA is 1.2% (low). The 2024 annual accounts show equity of €11k and a net result of €-59. Equity is shrinking by ~4.3% per year across the filed fiscal years. Its solvency ranks better than 90% of 2275 sector peers (fiscal year 2024). The company has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 4 annual accounts.
Signals
1 signal · with evidenceStrong solvency vs sector
Solvency is in the sector's strongest quartile: better than 90% of 2275 peers (2024). A comfortable equity buffer.
View the sector comparison Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.
Filing behaviour
From the deposit records, complete market-wideDeadline passed, not yet counted as missing
The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 26 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.
Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 13-08-2025, 13 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
How we compute the deadline
The year end is derived from 10 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 31-12-2025 | 31-07-2026 | nothing on record | not filed | - |
| 31-12-2024 | 31-07-2025 | 13-08-2025 | 13 d late | 2025-00378621 |
| 31-12-2023 | 31-07-2024 | 28-04-2025 | 271 d late | 2025-00081227 |
| 31-12-2022 | 31-07-2023 | 14-08-2023 | 14 d late | 2023-00334356 |
| 31-12-2021 | 31-07-2022 | 22-08-2022 | 22 d late | 2022-20317888 |
| 31-12-2020 | 31-07-2021 | 25-09-2021 | 56 d late | 2021-69800461 |
| 31-12-2019 | 31-07-2020 | 27-10-2020 | 88 d late | 2020-63600245 |
| 31-12-2018 | 31-07-2019 | 11-09-2019 | 42 d late | 2019-64300524 |
| 31-12-2017 | 31-07-2018 | 31-08-2018 | 31 d late | 2018-61500131 |
| 31-12-2016 | 31-07-2017 | 30-07-2017 | 1 d early | 2017-39300001 |
| 31-12-2015 | 31-07-2016 | 31-08-2016 | 31 d late | 2016-57900154 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
2 signalsLong-established
Founded in 1986, 39 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone1.2%
Low
0%0,5%1,5%4%10%≥25%
Higher-failure-rate sector
+Long track record
−Annual accounts: weaker financial profile
+
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-59+73.9%
Working capital€11k-78.3%
Annual accounts & ratios
Source: NBB · 2024Annual accounts filed on 13-08-2025 with the NBB · fiscal year 2024 · micro
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining
Equity: declining trend of ~4.3%/year over 4 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2024 · NACE 49, Land transport · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 73.3% | 27.3% | |
| Net result | €-59 | €5k | |
| Equity | €11k | €17k | |
| Gross operating margin | €-464 | €28k | |
| Total assets | €15k | €65k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
P90
Stable position over 2020-2024
· n=502-2275
P32
Weakening position over 2020-2024
· n=499-2258
P42
Stable position over 2020-2024
· n=502-2281
P12
Stable position over 2020-2024
· n=497-2246
Describes the position versus peers, not a forecast.
€-5
+99.7%
18-24
€-59
+73.9%
18-24
€-134k
+0.9%
18-24
€15k
-30.0%
18-24
€11k
-48.7%
18-24
€11k
-78.3%
18-24
€4k
-89.2%
18-24
€4k
-36.8%
18-24
Show 7 other metrics
€31k
-
18-24
3.75
-58.4%
18-24
3.75
-58.4%
18-24
73.3%
-26.7%
18-24
0.36
-75.9%
18-24
-0.5%
+49.2%
18-24
-0.4%
+62.7%
18-24
Figures by fiscal year
| Fiscal year | 2024 |
|---|---|
| Deposit | micro |
| Revenue | - |
| EBITDA | - |
| Net profit | €-59 |
| Cash flow | - |
| Staff costs | - |
| Income taxes | - |
| Dividends | - |
| Total assets | €15k |
| Equity | €11k |
| Debt | €4k |
| of which ≤ 1y | €4k |
| of which > 1y | - |
| Working capital | €11k |
| Employees (FTE) | - |
Ratios (computed)
| 2024 | |
|---|---|
| Current ratio | 3.75 |
| Quick ratio | 3.75 |
| Working capital ratio | 73.3% |
| Solvency | 73.3% |
| Debt / equity | 0.36 |
| Long-term debt ratio | - |
| Interest coverage | - |
| Gross margin | - |
| Net margin | - |
| ROA | -0.4% |
| ROE | -0.5% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2024
Full annual accounts (19 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €15k |
| Current assets | 29/58 | €15k |
| Amounts receivable within one year | 40/41 | €15k |
| Cash & bank | 54/58 | €35 |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €15k |
| Equity | 10/15 | €11k |
| Contributions / capital | 10/11 | €142k |
| Reserves | 13 | €14k |
| Accumulated profits (losses) | 14 | €-145k |
| Amounts payable | 17/49 | €4k |
| Amounts payable within one year | 42/48 | €4k |
| Trade debts payable within one year | 44 | €4k |
| Income statement | ||
| Gross operating margin | 9900 | €-464 |
| Operating result | 9901 | €-1k |
| Financial income | 75 | €1k |
| Financial charges | 65 | €182 |
| Result before taxes | 9903 | €-59 |
| Net result for the period | 9904 | €-59 |
| Result to be appropriated | 9905 | €-59 |
This table shows the latest fiscal year. 3 prior years, with figures and ratios, belong to a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2024 · computed70
/ 100
Healthy
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Directors
Directors & mandates
1 directorCurrent directors & mandates
-
Current20-03-2026 → present
2 events
- 20-03-2026 Resigned· Niet statutaire zaakvoerder
- 20-03-2026 Appointed· Niet statutaire bestuurder
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.
Insolvency mandates
No insolvency mandates (liquidators, administrators) on record for this company.
Legal Structure
| NACE primary | Diensten voor personenvervoer op aanvraag per voertuig met chauffeur(49330) |
| Legal form | Private limited company(610) |
| Incorporation | 31-10-1986 |
| Status | Active |
| Postal code | 9506 |
Structure & network
Locations & real estate
Registered office
on the map · from the address registerEstablishment units
1 locationFernand Tavernestraat 63, 9400 Ninove
since 19942.034.593.311
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels2
Ground area1,290 m²
Buildings2
Building footprint318 m²
Volume (LiDAR)2,814 m³
Tallest building12.3 m · ±3 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41059A0943/00F000 | Flanders | 832 m² | 1 · 217 m² | 12.3 m · 3 fl. |
| 41362B0192/00X002 | Flanders | 458 m² | 1 · 101 m² | 9.9 m · 3 fl. |
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Publications
Lifecycle & Insolvency Signals
No insolvency signals in the Belgian State Gazette
Belgian State Gazette · acts
2 of 2 acts readWhat every Belgian State Gazette publication actually says, each act broken down into appointments, capital movements, seat moves and statute amendments.
2026
16-07-2026
Registered office
- General meeting , 6 juli 2026
- Registered-office move , Kerkborre(Sch) 37 bus 3, 9506 Geraardsbergen
20-03-2026
Registered office · Statutes amendment · Legal-form change · Resignations & appointments
- General meeting , 18 maart 2026
- Statutes amendment
- Reserve release , Statutair onbeschikbaar eigen vermogen (kapitaal 142.000 EUR en wettelijke reserve 14.200 EUR) omgezet en beschikbaar gemaakt voor uitkering
- Name change , GANDA bv
- Registered-office move , 9400 Ninove, Papestichelstraat 39
- Purpose change , Alle vormen van taxivervoer, personenvervoer, collivervoer, ziekenvervoer, rolstoel- en liggend vervoer, ceremonievervoer, en aanverwante. Verhuur en lease van…
+5 further facts
Analysis
Financial profile
5 of 5 axes measured66
/ 100
Strong profile, led by solvency.
All 5 axes are computed from data Checked has read.
Health
70
Profitability
0
Solvency
100
Growth
58
Stability
100
Credit advice
verdict per customer and amountSimilar
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We hold annual accounts for 794 of the 6,646 companies in this sector. 714 of them are within a factor 10 of this company's equity.
Company registry
Company registry (CBE)
Crossroads BankActivities
Diensten voor personenvervoer op aanvraag per voertuig met chauffeur49330Verhuur en lease van personenauto’s en andere lichte motorvoertuigen77110
Primary activity highlighted.
Names & trade names
| Legal nameNL | GANDA |
Registered office
Kerkborre(Sch) 37 bus 3
9506 Geraardsbergen, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.